[Ed. – Don’t have further info on this right now, but it could just be what Colt says it is. Could also be due to threats from law enforcement customers in big states like California and New York, where political-level priorities are different from those of the cop on the beat. Could be due to threats from banks and/or finance sources. Someone will find out.]
Gun-maker Colt is suspending its production of rifles for the civilian market including the popular AR-15, the company said Thursday in a shift it attributed to changes in consumer demand and a market already saturated with similar weapons.
The company said it will focus instead on fulfilling contracts with military and police customers for rifles.
“The fact of the matter is that over the last few years, the market for modern sporting rifles has experienced significant excess manufacturing capacity,” Colt’s chief executive officer, Dennis Veilleux, said in a written statement. …
Veilleux said the company, which emerged from bankruptcy in 2016, remains committed to the Second Amendment. He said the company is expanding its lines of pistols and revolvers.